Latest news with #RichardMadley
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First Post
27-06-2025
- Business
- First Post
SA20 announces highest salary cap outside IPL ahead of Season 4 auction on Johannesburg
The player auction for the fourth season of SA20 will be taking place on 9 September in Johannesburg and will be conducted by former Indian Premier League auctioneed Richard Madley. read more SA20 has been a roaring success since it was launched in 2023 and has changed the landscape of South African cricket – making Cricket South Africa a lot more stable financially and also improving the standard of T20 cricket in the 'Rainbow Nation'. That the Proteas nearly won the first T20 World Cup following the league's launch might be more than just a coincidence. The rapid growth of the league, in which all six teams are owned by Indian Premier League franchises, can also be ascertained from the fact that SA20 now has the largest salary cap outside the IPL after just three seasons in existence. STORY CONTINUES BELOW THIS AD SA20 thus, has surpassed Australia's Big Bash League that has been around for 14 years, as well as other leagues such as The Hundred (England), Caribbean Premier League (West Indies), Pakistan Super League (Pakistan), etc. How SA20's salary cap compares with other leagues After all, the player auction for the fourth season that will be taking place in Johannesburg on 9 September will have 72 slots up for grabs and a record salary cap of US$2.3 million per team. The United Arab Emirates' International League T20, in comparison, has a salary cap of US$2 million per team after a reduction of half-a-million per franchise. Teams in the CPL, meanwhile, have a total salary cap under a million USD, which according to some reports stands at US$780,000. The maximum salary cap for teams in the BBL, which are owned by state associations, stands at US$1.9 million. 𝗚𝗲𝘁 𝗿𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝗮 𝗽𝗿𝗼𝗽𝗲𝗿 𝘀𝗵𝗮𝗸𝗲𝘂𝗽 🤝#BetwaySA20Auction lands 9 September 2025 🗓️ 💰 R41 million purse 7⃣2⃣ slots minimum 1⃣ epic auction Read more 🔗 — Betway SA20 (@SA20_League) June 24, 2025 The auction, which will be conducted by former IPL auctioneer Richard Madley, includes the 'Right To Match' card – which allows franchises to match the bid for a player who was part of their squad in the previous season. STORY CONTINUES BELOW THIS AD Also introduced in the upcoming player auction is the 'Wildcard' player slot, which gives franchises the authority to sign one player, local or foreign, outside the salary cap, in order to lend more flexibility to the squad. 'The SA20 Season 4 Player Auction is setting up to be the most exciting yet. With mechanisms like RTM cards and an increased salary cap, we are likely to see intense bidding wars and clever squad-building strategies. 'This is a real chance for franchises to reshape their futures — and for players, both seasoned and emerging, to earn career-defining deals,' Stephen Cook, SA20's Head of Cricket Operations, said. Franchises will have to retain up to six players ahead of the auction – three South Africans and three overseas players – while the rest of the squad will be built during the auction.
Hindustan Times
27-06-2025
- Business
- Hindustan Times
SA20 now has the biggest salary cap after IPL: Season 4 auction on September 9
The stage is set for one of the most anticipated events in the T20 cricket calendar as the SA20 Season 4 Player Auction takes place on Tuesday, 9 September in Johannesburg. With 72 player slots up for grabs and a record salary cap of USD 2.3 million per team, this year's auction promises to deliver fireworks both on and off the bidding floor. SA20 season 4 auction on September 9 Now officially boasting the largest franchise league salary cap outside of India, SA20 continues to assert its growing stature in the global T20 landscape. From bold franchise strategies to the arrival of new international stars and young South African prospects, the auction is set to reshape the six team squads ahead of what promises to be a blockbuster season starting 26 December 2025. In a bid to increase strategic depth, Right to Match (RTM) cards have been introduced for the first time. This tool allows franchises to match the winning bid of a player who featured in their Season 3 squad—effectively giving them one last chance to hold onto key performers they were unable to retain pre-auction. The use of RTMs will be linked to the number of South African players retained prior to the auction. Another returning feature is the Wildcard player slot, which allows each team to sign one additional player—local or international—outside the constraints of the salary cap. This move is expected to give franchises the flexibility to bring in marquee names or surprise X-factors closer to the season. Each franchise may retain up to six players before the auction—a maximum of three South Africans and three overseas players—leaving approximately 60% of squads to be built from scratch on auction day. A Platform for Rising Stars The league continues to champion the development of South African talent, and while the Rookie Draft has been scrapped, a new requirement compels teams to sign a minimum of two Under-23 players in their final 19-man squads. This ensures that promising young cricketers remain a central part of the SA20 ecosystem. Stephen Cook, SA20's Head of Cricket Operations, said: 'The SA20 Season 4 Player Auction is setting up to be the most exciting yet. With mechanisms like RTM cards and an increased salary cap, we are likely to see intense bidding wars and clever squad-building strategies. This is a real chance for franchises to reshape their futures — and for players, both seasoned and emerging, to earn career-defining deals.' Richard Madley Returns to the Rostrum Adding to the drama, veteran auctioneer Richard Madley returns to lead proceedings, having become a fan favorite and an integral part of the SA20 auction experience. The event will be broadcast live on SuperSport and SA20's YouTube Channel, with rolling coverage across the League's digital platforms. With the combination of financial firepower, strategic innovations, and a fresh crop of emerging talent, the SA20 Season 4 Auction is shaping up to be a pivotal moment in the league's evolution—one that could redefine team dynamics and set the tone for what's expected to be the biggest season yet.
India.com
24-06-2025
- Business
- India.com
SA20 Season 4: Franchises Allowed To Retain Six Players Before Auction; Check All Details
All the big names and rising stars set to headline Season 4 of SA20 will be confirmed at the fourth annual player auction, which will take place in Johannesburg on September 9. The event promises to bring a few changes amongst the squads, and high-stakes bidding with a minimum of 72 player slots available for auction. The squad composition of the teams remains the same, with the league continuing to prioritise opportunities for local talent on a global platform. Of the 18 players in the regular squad, teams can secure a maximum of seven overseas players and a minimum of 11 South African players. Season 4 will again see teams being able to sign one Wildcard player to each squad. The Wildcard player can be a South African or overseas player, and their league fee falls outside of the salary cap. Before the auction, the franchises are permitted no more than six retentions or pre-signed players, comprising a maximum of three overseas players and three South African players. This year features the largest salary cap in the history of the competition, a sizeable R41 million in the purse for each of the six franchises to make up their squads. The salary cap has steadily increased over the years from R34 million in Season 1, making it the highest franchise T20 league salary cap outside of India. In a SA20 first, a significant strategic innovation has been added to the Season 4 auction with the introduction of the Right to Match (RTM) Cards. A Right-to-Match Card allows a franchise the opportunity to match a winning auction bid on a player who played for that team in Season 3 and retain his services for Season 4. Each team will have a limited number of RTM cards to use, depending on the number of South African pre-auction player retentions they use. Stephan Cook, Head of Cricket Operations, SA20, said, 'The SA20 Season 4 player auction is setting up to be the most exciting yet, with about 60% of player slots available for franchises to fill. Mechanisms such as RTM cards, Wildcard players, and an increased salary cap are sure to create interesting situations for teams and will allow them to strategically select their squads. We have seen some life-changing transactions already in the past few years, and the upcoming auction should see plenty more.' The league's commitment to the development of young talent in South Africa remains steadfast. There will no longer be a Rookie Draft; instead, teams must sign a minimum of two Under-23 players in their final 19-player squads. The ever-popular Richard Madley, who has fast become synonymous with the SA20 auction, will once again wield his gavel to control proceedings. The auction will be broadcast live on SuperSport and the SA20 YouTube Channel with rolling coverage across all of the League's social media platforms. The auction marks the first major milestone ahead of the anticipated fourth season, which, this year, will be played in a 'festive season' slot starting on December 26.
Hans India
24-06-2025
- Business
- Hans India
SA20 Season 4: At least 72 slots up for grabs in player auction on September 9
Johannesburg: All the big names and rising stars set to headline Season 4 of SA20 will be confirmed at the fourth annual player auction, which will take place in Johannesburg on September 9. The event promises to bring a few changes amongst the squads, and high-stakes bidding with a minimum of 72 player slots available for auction. The squad composition of the teams remains the same, with the league continuing to prioritise opportunities for local talent on a global platform. Of the 18 players in the regular squad, teams can secure a maximum of seven overseas players and a minimum of 11 South African players. Season 4 will again see teams being able to sign one Wildcard player to each squad. The Wildcard player can be a South African or overseas player, and their league fee falls outside of the salary cap. Before the auction, the franchises are permitted no more than six retentions or pre-signed players, comprising a maximum of three overseas players and three South African players. This year features the largest salary cap in the history of the competition, a sizeable R41 million in the purse for each of the six franchises to make up their squads. The salary cap has steadily increased over the years from R34 million in Season 1, making it the highest franchise T20 league salary cap outside of India. In a SA20 first, a significant strategic innovation has been added to the Season 4 auction with the introduction of the Right to Match (RTM) Cards. A Right-to-Match Card allows a franchise the opportunity to match a winning auction bid on a player who played for that team in Season 3 and retain his services for Season 4. Each team will have a limited number of RTM cards to use, depending on the number of South African pre-auction player retentions they use. Stephan Cook, Head of Cricket Operations, SA20, said, 'The SA20 Season 4 player auction is setting up to be the most exciting yet, with about 60% of player slots available for franchises to fill. Mechanisms such as RTM cards, Wildcard players, and an increased salary cap are sure to create interesting situations for teams and will allow them to strategically select their squads. We have seen some life-changing transactions already in the past few years, and the upcoming auction should see plenty more.' The league's commitment to the development of young talent in South Africa remains steadfast. There will no longer be a Rookie Draft; instead, teams must sign a minimum of two Under-23 players in their final 19-player squads. The ever-popular Richard Madley, who has fast become synonymous with the SA20 auction, will once again wield his gavel to control proceedings. The auction will be broadcast live on SuperSport and the SA20 YouTube Channel with rolling coverage across all of the League's social media platforms. The auction marks the first major milestone ahead of the anticipated fourth season, which, this year, will be played in a 'festive season' slot starting on December 26.
Daily Mirror
22-05-2025
- Entertainment
- Daily Mirror
Bargain Hunt expert finds gold medal worth £1million in cardboard box
BBC Bargain Hunt expert Richard Madley was quizzed about the biggest profit he's ever made on an antique - and had a very surprising answer for his co-star Charlie Ross BBC Bargain Hunt expert Richard Madley was gobsmacked when he unearthed a treasure from a cardboard box that later fetched £1 million at auction. Sharing his experience with the most lucrative finds, Richard recounted: "I found a gold medal in a cardboard box which I sold for £1 million, and a small lead Henry Moore sculpture I found in a Wiltshire farmhouse made £320,000. "Oh yes - I found and sold some old rugby jerseys and photos found in an airing cupboard which I sold for £60,000. But who's counting!" Madley's standout moment on the programme involved discovering a quaint "vintage scratch-built green painted toy train c.1930", which cost him £5 in Cardiff Antiques Market and went on to sell successfully at a market in Carmarthen. He also shared how his passion for collecting started in childhood and has funded significant life purchases, saying: "I started with stamps then moved to coins but became hooked on bottles). "My father bought me a box of Britain's lead soldiers which I added to, then sold them all to buy my first house." He continued to detail his ventures in antiques, mentioning: "I built up an impressive collection of postcards which I sold to re-roof that first house. I built up an even better collection of Poole Pottery over twenty years which I sold to pay school fees." Richard divulged his current interest and potential future plans by stating: "My current area of collecting is Wisden Cricketers' Almanacks, which I will probably sell to finance my nursing home fees," reports the Express. Bargain Hunt's Christina Trevanion was left gobsmacked upon discovering that a set of tribal masks, part of expert Sam Hanbury-Maiden's collection and described as "highly desirable for collectors", could fetch up to a staggering £2million at auction. Earlier this month, Bargain Hunt star Ochuko Ojiri pleaded guilty to eight charges related to funding terrorism. In early May, he was seen arriving at Westminster Magistrates' Court after being charged with a specific offence under section 21A of the Terrorism Act 2000. His charges included eight counts of failing to make a disclosure during the course of business within the regulated sector following an investigation into alleged "terrorist financing". Ojiri appeared in court wearing a grey suit and a dark tie and confirmed his name, date of birth and address before the charges were read out to him.
